Delivery to Abuja. And installation.

D&S doors

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THE PRICE OF A PROPERTY DOES NOT MATTER

Propertylover sold a land worth $50,000 dollars to his friend at $5 because his friend lost his job and might not be able to pay the real price for the land. Thus, he decided to sell the land for $5 which he called "chicken change". Some years later Propertylover's friend was able to secure his job back and propertylover needs land for his failing business. However, he brought an action to collect the land back; giving claim that he had the intention of giving the land to his friend for free, and now he wants to have it back he even said that the $5 he collected from him is just to complete the transaction, which he is ready to pay back if he gives him the land back. Propertylover friend however bring an action for breach of contract. The court gave decision in favour of the his friend with these reasons
1) In absence of fraud,the price you sell your property does not matter, so far it's something of value in the eye of the law. Thus, $5 is something of value in eye of the law
2) Since there are all the three element of contract which is offer, acceptance and consideration in the transaction the fact that the consideration is small is not something to fight about
3) it would have been better if the transaction was just a mere gift and propertylover does not collect any money the $5 dollars he collected made the contract binding


Post on

http://www.propertylover.com.ng/2018/10/lesson-2-price-of-property-does-not.html

I want to know about Nigeria wooden doors
Is it possible to get the very best that isn’t HDF or MDF?